Caixa
In short
Caixa is a major Portuguese banking group that provides various financial services to individuals and businesses. It is one of the most recognisable names in the country's economy.
In plain words
It is a large bank where people keep their money, take out loans, and manage savings. It helps people pay for things like houses or cars through different types of accounts.
A simple example
A person might open a Caixa account to receive their monthly salary and use a debit card to buy groceries.
Why it matters
Because it is so large, the bank's stability affects the wider Portuguese economy. It provides essential services that keep money moving through the country.
Easy to mix up
Do not confuse it with Caixa Económica Federal, which is a large state-owned bank in Brazil.